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Corporate Debt

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  • Kaisa raises red flag on Chinese developers' leverage Wednesday, 18 Feb 2015 | 8:11 PM ET
    At a property trade fair in Beijing, China

    A jump in homebuilder Kaisa's debt levels has left investors worried that leverage at other Chinese developers could be much higher than estimated.

  • TIMELINE-Indonesia's Bakrie Telecom restructuring process Wednesday, 18 Feb 2015 | 4:00 PM ET

    BACKGROUND Bakrie Telecom Tbk set up a special purpose vehicle- Bakrie Telecom Pte Ltd- to sell a $380 million bond in New York in 2010. The bond matures in May 2015 and bears an 11.5 percent coupon. Bakrie Telecom Tbk guarantees the bond while Bakrie Telecom Pte Ltd lends the proceeds to the listed parent company under an inter-company loan agreement.

  • Banks aren't lending. Here's who is   Wednesday, 18 Feb 2015 | 2:00 PM ET
    Banks aren't lending. Here's who is

    Consumers are turning to credit unions more and more for loans as credit at traditional banks remains tight. CNBC.com Finance Editor Jeff Cox reports.

  • Feb 18- Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007.. Citigroup financed the Solar Star photovoltaic project in Southern California for Berkshire Hathaway Energy in 2013.. The project, constructed by Sunpower Corp, is expected to generate...

  • *Could fund minority stake in Germany's Lanxess. DUBAI, Feb 18- State oil giant Saudi Aramco is talking to banks about taking a $10 billion loan for general business purposes, according to two banking sources aware of the matter, with one saying the deal could close by the end of the month. Aramco also has a $4 billion existing loan due to mature later this year, and has...

  • BELGRADE, Feb 17- The sale of Serbia's sole steel mill to U.S. firm Esmark collapsed on Tuesday, in a blow to government efforts to rein in spending under the terms of a loan deal with the International Monetary Fund. The steel mill has been draining $120 million per year in taxpayers' money since Serbia bought it back from U.S. The government committed to cut...

  • UPDATE 2-Abu Dhabi's NMC Health signs $825 mln loan Monday, 16 Feb 2015 | 3:43 AM ET

    ABU DHABI, Feb 16- NMC Health, the London- listed United Arab Emirates healthcare provider, has agreed a five-year $825 million loan with a group of six banks that will be used pay down existing debt and fund acquisitions, the company said on Monday. The Abu Dhabi- based company said the facility was divided into two tranches, with both priced in a mix of U.S. dollars and...

  • A consortium of banks, led by JPMorgan Chase& Co, had offered to finance the deal for Telesat's parent, New York- based Loral Space& Communications Inc, offering much more debt than regulators are comfortable with, the sources said. After discussions with regulators, however, JPMorgan revised its debt financing offer down, offering to lend an amount equal to closer...

  • BRASILIA, Feb 12- Brazil's state-run oil firm Petroleo Brasileiro SA plans to publish audited results for 2014 by the end of May, the company said on Thursday in a securities filing. Petrobras said the drop in oil prices and the company's high indebtedness will force it to reduce investment and look at other financing alternatives and ways to raise its cash flow.

  • MILAN, Feb 12- UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros.

  • Why Apple is selling Swiss franc bonds Tuesday, 10 Feb 2015 | 1:51 PM ET
    Apple store Spain

    Some are asking why Apple is selling Swiss franc bonds, but the more apt question may be: Why not?

  • WILMINGTON, Delaware, Feb 9- Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate...

  • NEW YORK, Feb 5- Venezuela's US refining unit Citgo was forced to sweeten the terms of a US $2.5 bn financing package aimed at pumping new cash into the coffers of the South American country's state-owned oil company PDVSA. "Initial price indications were too tight for investors," said Jorge Piedrahita, Chief Executive Officer or brokerage Torino Capital.

  • Apparel retailer Cache files for bankruptcy Wednesday, 4 Feb 2015 | 6:28 AM ET

    Feb 4- Apparel retailer Cache Inc filed for Chapter 11 bankruptcy protection and the company said it was seeking a "stalking horse" bidder for its assets. The company said it had received commitment for debtor-in-possession financing of up to $22 million from Salus Capital Partners LLC. The mall-based retailer said in December that it was evaluating strategic...

  • DETROIT, Feb 3- AutoNation Inc, the largest U.S. auto dealer group, on Tuesday posted a higher-than-expected quarterly profit due to strong profit margins from new and used vehicle sales, driving its shares up nearly 8 percent. AutoNation Chief Executive Officer Mike Jackson said in an interview that low gasoline prices of about $2 a gallon, generous financing...

  • SAN FRANCISCO, Feb 2- Alibaba Group Holding Ltd is teaming with LendingClub Corp to offer financing to U.S. businesses to buy from Chinese suppliers, hoping to make it easier for American firms to tap the world's largest economy. LendingClub, an eight-year-old San Francisco startup, said it will provide its core service of matching small business borrowers with...

  • Greece's power when it comes to debt   Monday, 2 Feb 2015 | 11:10 AM ET
    Greece's power when it comes to debt

    How much power does Greece currently have over negotiating its debt? Elena Panaritis, economist at Thought 4 Action, says there are only two options: "default within euro," or "paying back the debt."

  • Greece fin min: Must end debt 'addiction'   Monday, 2 Feb 2015 | 4:20 AM ET
    Greece fin min: Must end debt 'addiction'

    Yanis Varoufakis, the finance minister of Greece, and Michel Sapin, the finance minister of France, talk about the current state of Greece's debt.

  • Syriza can bark, but not bite   Friday, 30 Jan 2015 | 4:40 AM ET
    Syriza can bark, but not bite

    Discussing Greek debt, Alberto Gallo, head of macro credit research at RBS, says a solution will be reached on a debt extension for Greece, however volatility will continue.

  • HONG KONG, Jan 26- Li Ka- shing's hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month- good news for investment bankers close to the 86- year-old Hong Kong tycoon's empire. The brisk business- $108 billion of Asia M&A makes it the best start to a year, according to Thomson Reuters data- raises hopes that the Chinese Year of the Goat could...